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CDL prices first green bond in S'pore

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Published Thu, Apr 6, 2017 · 09:50 PM

    Singapore

    CITY Developments (CDL) on Thursday emerged as the first Singapore company to sell green bonds.

    The property developer's unit CDL Properties priced a two-year senior secured green bond, raising S$100 million at a fixed rate of 1.98 per cent per annum. The investors were mainly financial institutions and fund managers.

    green bonds

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